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Icahn mounts proxy fight against Clorox board

Carl C. Icahn, who is Clorox’s biggest shareholder with a 9.4% stake, on Friday proposed a full slate of 11 directors, including himself, to replace the US consumer products giant’s entire board, following the firm’s rejection of his revised $10.7bn (€7.4bn) bid.

The veteran activist investor signalled his proxy battle in a letter to Clorox, which has thus far rebuffed attempts by Icahn to undertake a forced sale of the business.